VRSK vs XLI: Correlation
How closely do Verisk Analytics (VRSK) and Industrial Select Sector SPDR Fund (XLI) trade together? Their weekly returns over three years give a correlation of 0.10, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VRSK and XLI?
Over the past 3 years, VRSK and XLI moved with a correlation of 0.10, which is weak. The link has loosened recently: the 1-year correlation (-0.26) runs below the 3-year figure (0.10). Over 5 years the correlation is 0.33, and the annualized covariance of weekly returns is 40.6 %².
Among the 35 assets we track against VRSK, XLI ranks #24 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months XLI outperformed by 46.3 percentage points (-28.0% for VRSK against +18.3% for XLI). The relationship is regime-dependent: the rolling one-year correlation swung between -0.23 and 0.63 over the past three years, so this pair behaves very differently depending on the market environment. Note the risk asymmetry: VRSK runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
VRSK vs XLI: side by side
| VRSK (Verisk Analytics) | XLI (Industrial Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | -28.0% | +18.3% |
| 5-year return | -1.6% | +84.0% |
| Volatility (ann.) | 25.1% | 15.7% |
| Beta vs S&P 500 | 0.27 | 0.89 |
| Max drawdown (3Y) | -50.8% | -18.5% |
| Market cap | $24.9B | – |
| P/E (trailing) | 28.8 | – |
| Dividend yield | 1.01% | 1.15% |
| Expense ratio | – | 0.08% |
| Assets under management | – | $32.9B |
| Sector / category | Industrials | Sector ETF |
XLI is an Industrials fund from State Street Investment Management: $32.9B under management, 83 holdings, a 0.08% expense ratio, a 1.15% trailing dividend yield.
Year-by-year returns
| Year | VRSK | XLI |
|---|---|---|
| 2022 | -22.3% | -5.6% |
| 2023 | +36.2% | +18.1% |
| 2024 | +16.0% | +17.3% |
| 2025 | -18.2% | +19.3% |
| 2026 | -14.2% | +15.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.43% of XLI is VRSK itself, so the fund partly moves with the stock by construction.
Are VRSK and XLI good diversifiers for each other?
By historical standards, yes. A correlation of 0.10 means the two rarely move for the same reasons.
FAQ
What is the correlation between VRSK and XLI?
As of 2026-08-27, the correlation of weekly returns between VRSK and XLI is 0.10 over 3 years, -0.26 over 1 year and 0.33 over 5 years.
Is XLI a good diversifier for VRSK?
By historical standards, yes. A correlation of 0.10 means the two rarely move for the same reasons.
What does a correlation of 0.10 mean?
A reading of 0.10 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/vrsk-vs-xli.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/vrsk-vs-xli/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: VRSK correlations · XLI correlations
